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Ryedale
Administrator
USA
523 Posts |
 Posted - 02/28/2008 : 05:17:33
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quote:
Originally posted by HoardCopperByTheTon
Was only able to get in 20 minutes of sorting tonight.. was told I was making too much noise.
Sorting Report for today:
5,000 coins - 2 Boxes
825 Copper
16.50% - Not quite as good as PennyProspector, but at least there were no dud boxes today.
Had good luck on a driveby at a new bank today. Got 2 boxes from them with no problem, and I don't even have an account there. The trick is you just walk up there like you belong there, go to the merchant teller and tell her you need 2 boxes of pennies and lay your money on the counter. They didn't even ask if I had an account.
Hey HCBTT, I though you built a sound proof Coin-Sortatorium somewhere........or is that Coin-Sanitarium?  |
Ryedale
GET YOUR DRI-SLIDE FROM IRONBRAID
http://www.ironbraid.com/driside.html
Used with permission from Ironbraid.
Quote
"The real art of conversation is not only to say the right thing at the right place, but to leave unsaid the wrong thing at the most tempting moment."
— Dorothy Neville-Rolfe |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 02/28/2008 : 08:00:32
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Just finished a box the other day (I am a hand sorter) and found:
828 coppers 33.12%
10 wheat cents
14 Canadian
1 Bahamas one cent
Totals:
13500 coins searched
4403 coppers 59-82 32.61%
58 Canadian
51 wheat cents
1 Bahamas one cent |
My hobby: collecting real money 1 copper cent or nickel at a time.
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
 Posted - 02/28/2008 : 10:43:45
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quote:
Originally posted by Ryedale
Hey HCBTT, I though you built a sound proof Coin-Sortatorium somewhere........or is that Coin-Sanitarium?
Nah, it is only insulated for cold. Seems like wherever I sort pennies she wants to hang out in the next room. Probably just an excuse to complain about me playing with pennies.. LOL.
Even back in the old days when I was a hand sorter I was making too much noise. She would hear the click of me putting the pennies on the scale and when I tossed them in the bins. When is the new Ryedale "stealth" model coming out?
At least I got a couple of boxes sorted.. so I got my nightly fix.
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If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
Edited by - HoardCopperByTheTon on 02/28/2008 11:12:58 |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 02/28/2008 : 10:43:52
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| I did a drive buy today and the tellers packed me a box of hand rolled pennies that weighed in at 15 pounds. |
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Think positive. |
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Epaphras
Penny Collector Member
USA
382 Posts |
Posted - 02/28/2008 : 15:36:16
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Sorting report for yesterday
$50 sorted (2 boxes)
920 coppers=18.40%
Down 1.96% from the previous day
Sorting report for today
$50 sorted (2 boxes)
986 coppers=19.6%
Up 1.25% from yesterday
5 dimes
1 1919 in G |
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PennyProspector
Penny Pincher Member
USA
212 Posts |
Posted - 02/28/2008 : 18:13:02
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15,000 sorted tonight
49.42 total copper (32.95%)
40 wheat
2 dimes |
Happy Prospecting! |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 02/28/2008 : 22:38:59
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Sorted 2 - $25 Brinks Boxes-Sealed
Box #7 and #8 of the 10 I picked up on 2/21
1380 Copper 27.6 %
Not Included in copper #'s
6 Canadian CU
10 Canadian Other
12 Wheats 1940 Oldest
0 Indian Head
0 Dimes
Both boxes weighed 16 lb each. |
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n/a
deleted
192 Posts |
Posted - 02/28/2008 : 22:53:35
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Sorry if this has been discussed while I wasn't paying attention, but it seems to me inevitable that sorting percentages MUST go down over time.
If there exist "x" number of pennies in circulation and we add "x" number of zincs to the mix, then the percentage of copper goes down even without any copper being pulled out by people who recognize the value of doing so.
So we have established from the above that the percentages of copper in circulation can only go down, not up.
Now the big qwestion is,
WHAT IS THE RATE OF DECREASE?
Let me make up some numbers just for fun.
Let's say that in 2006 there were 90% zincs and 10% coppers in circulation.
Let's say that in 2007 there were 91% zincs and 9% coppers in circulation.
IF that were true, then the rate of decrease would be 10% per year.
I am pulling these numbers out of my a** but I think that the members of this board have the collective ability to work our way to a reasonably accurate number.
Please give me your educated guesses.
Then, after a bit of discussion, let's have a poll here asking for votes on the rate of decrease.
One final note.
If "dud boxes" are not included, we see sorting percentages in the 20s and even 30s, but What I'm after is the number in circulation. That means overall. That means that I am trying to deduce the percentage in totality, NOT the percentage in a good box.
THanks!!!!!! |
.....................................................................................................................
The market can stay irrational longer than you can stay solvent.
John Maynard Keynes,
English economist (1883 - 1946)
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Edited by - n/a on 02/28/2008 23:33:31 |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 02/28/2008 : 23:35:26
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| It's too late... and I don't want to do math now. But a 5-10% decrease per year is very feasible I should think... If there are industrial sorters, it could be as much as 30-40% decrease (as stated above, that would mean a change from 10% down to 6-7%) Hmmmm..... Okay, real smart guys, give us actual numbers! :) |
"May your percentages ever increase!" |
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 02/28/2008 : 23:36:18
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10 boxes - 25,000 coins
7,929 copper 31.7%
of this:
126 Canadian CU
93 Wheats
1 1893 Indian
1 Mexico 20 Centavos
1 Bahamas Cent
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Trust the government? Ask an Indian. |
Edited by - El Dee on 02/28/2008 23:37:31 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/29/2008 : 00:31:17
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Congrats on the Indian, El Dee!
I did some of the math a while back me2.. and made some estimates on what effect the infusion of new pennies into the existing penny supply would be. Obviously these new pennies being introduced dilutes the supply each day. My estimate was that my personal copper yield would go down by about 1% each year based on this.. which would be an overall 5% drop since my yield was running about 20%. That is about what my percentage has slipped if you don't count dud boxes. Each region varies, so regions where new coins are not being introduced will not have their coinage supplies diluted to the same extent and will maintain higher yields for the sorters in those areas. Also, you have to consider that these newer pennies being introduded will probably circulate more than the existing pool which may have become somewhat entrenched. The recent reports of "industrial sorting" reported by many members here will accelerate the decline of the copper percentages greatly. Even if you can avoid getting Brinks boxes as the copper is pulled out and only zincs are reintroduced to circulation the yields on all other types of rolls will fall off significantly as well.
It is time to get all you can while you can. Today is better than tomorrow.. time to step it up!
Had a good drive by today at a new bank. I was in the grocery store and they had one of those little in store banks. On a whim I asked if they had any penny rolls. They had 59 customer wrapped rolls.. and they were very happy to sell them to me. They had had them for weeks but had not shipped them out yet because they were waiting for a new manager to be assigned at this branch. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
Edited by - HoardCopperByTheTon on 02/29/2008 00:32:41 |
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Epaphras
Penny Collector Member
USA
382 Posts |
Posted - 02/29/2008 : 06:18:11
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| I think we ought to consider as well copper coins that are put back into circulation that were previously hoarded/saved. If 10% of the copper were taken out each year, that would be 13,000,000,000 or a little over two boxes for 250 million Americians. I think it may be a little lower than that. Nevertheless, coppers are getting hoarded, too worn for circulation, lost, ect so as Hoard said get all that you can now; who knows what tomorrow may hold. |
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PennyProspector
Penny Pincher Member
USA
212 Posts |
Posted - 02/29/2008 : 07:19:00
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last night sort
10000 sorted
2,905 total copper
39wheat
1 1901 Indian! |
Happy Prospecting! |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/29/2008 : 10:51:15
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Woohoo.. another Indian! Congrats PP. I didn't get one last night cause I didn't sort.. had to work late and then I had to be quiet again.. sigh.. at least I can enjoy the thrill of an Indian find vicariously by reading about here.
Wonder how many Indians are in circulation. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 02/29/2008 : 11:15:09
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quote:
Originally posted by HoardCopperByTheTon
Wonder how many Indians are in circulation.
Two less than yesterday. :o)
We should be able to extrapolate with our collective experiences here. I've found three in 120 boxes - so that's an occurrence of 1 per 100,000
However many pennies in circulation divided by 100,000 is about the number of Indians circulating. |
Trust the government? Ask an Indian. |
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TXTim
Penny Hoarding Member
629 Posts |
Posted - 02/29/2008 : 13:45:46
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Just picked up 2 more Brinks boxes from a different bank.
All zinc.
I'm up to 16 Brinks skunk boxes in a row this week from 9 different banks. |
Beer is my currency. |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 02/29/2008 : 14:08:52
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TXTIM,
SHOWSER!!!!!! Very sorry for you! Please, start trying to find banks that will offer their sorted bags to you!! And find a bank or two that does CWR(customer wrapped rolls)... Don't let the 'man' hold you down! ;-)
YOU CAN DO IT!!! |
"May your percentages ever increase!" |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/29/2008 : 17:28:52
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That's a rough week, Tim. I try to pick up all my skunk boxes at one branch on Friday afternoon.. much more efficient.
Had a little luck on another drive by today. Got 120 CWR pennies from a bank I stop at occasionally.. nothing Brinksy about them at all! |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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PennyProspector
Penny Pincher Member
USA
212 Posts |
Posted - 02/29/2008 : 19:33:42
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quote:
Originally posted by El Dee
quote:
Originally posted by HoardCopperByTheTon
Wonder how many Indians are in circulation.
We should be able to extrapolate with our collective experiences here. I've found three in 120 boxes - so that's an occurrence of 1 per 100,000
You got me thinking. I don't know exactly how many pennies I have sorted I just look at batch percentages to track if they go down, but, my ryedale counter says 871,880.
I run all coint through on a High sensitivity Zink sort then run the consentrate through for a final time with 30% copper and another 10 zinks So if I divide my 871,880 by 140% that gets me 622,771 pennies sorted.... I am going to round it down to 600,000 to account for the few times I resorted because I was affraid I dropped a zink in by accident (only happened once now it freaks me out)& the times I just wanted to show it off.
600,000 divided by my 5 found equals 1 in 120,000 pretty much the same math as you El Dee!!! I think you have it!
pp |
Happy Prospecting! |
Edited by - PennyProspector on 02/29/2008 19:34:25 |
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TXTim
Penny Hoarding Member
629 Posts |
Posted - 02/29/2008 : 19:39:55
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Thanks Wolves & Hoard - I guess I'm in denial about the Brinks situation down here and trying to prove myself wrong. It is real.
I do have CWI and bag sources. Brinks boxes were always easy to get and I never had a problem with boxes full of new 07's or 08's.
The CWI problem is the new coins - 9 out of 10 are new coins right now. Should improve after a while unless they also start cleaning copper. Bags and handrolled are all I have now and handrolls are not that common in any quantity at my banks.
I'd love to hear what Brinks is doing. |
Beer is my currency. |
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PennyProspector
Penny Pincher Member
USA
212 Posts |
Posted - 02/29/2008 : 23:11:05
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tonight Sort
15,000 sorted
4405 total copper (29.37%)
38 wheat
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Happy Prospecting! |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/29/2008 : 23:47:18
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| I am in denial about the Brinks thing too, TXTim. The Brinks boxes are the easiest for me to get too. So far they have only shown up at one branch, but I won't be surprised if I start getting them at other branches soon. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Epaphras
Penny Collector Member
USA
382 Posts |
Posted - 03/01/2008 : 05:20:18
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Sorting report for the last day of Feburary
$11.00 CWR
$1.92 copper=17.45%
$50 Brinks
$8.81 copper=17.62%
no dud boxes yet (hopefully never)
$75 Loomis
$13.38 copper=17.84%
Overall average: 17.64%.
Down 2.01% from yesterday
================================================
Feb average percentage: 18.16%
Monthly Percentage goal was met (18%)
Monthly Copper hoard goal was met
Monthly Sorting goal was met
Need to sort an addition $52.00 next month be on track for the year (Jan was $183.00 short)
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 03/01/2008 : 11:31:02
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No sorting, but picked some up. With all the "dud" boxes you guys are getting I'm nervous now when I pick up....
$100 in Brinks picked up. No dud boxes (whew).
The unsorted stack is starting to build up. I'm pretty much out of zincs....Almost NEED to sort....
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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MormonMetal
Penny Pincher Member
USA
150 Posts |
Posted - 03/01/2008 : 12:15:23
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| I haven't finished up my sorting but I was able to pick up $70 in customer wrapped the other day. The banks I have accounts with all use Loomis which are CWI boxes that have been all 07's since this time last year. |
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Sorting Percentages and Buying Reports XI
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